Tag: jakarta

Retail Asia19/01/2017
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2min0
PT Indosat Ooredoo is ready to launch its 4.5G technology in 2017 that is two times faster than its 4G predecessor, said a company spokesman. “We have been developing the 4.5G technology since 2012 and we are ready to launch this year, starting with the introduction of new technological infrastructures such as modernized BTS (Base […]

Retail Asia19/01/2017
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4min0
Director General of Tax Ken Dwijugiasteadi gave an assurance on Wednesday that he would summon Google representatives to confirm data that it submitted regarding the companys revenue in Indonesia. “I have the data, so I will ask for their confirmation on whether the figures that they submitted are accurate,” said Dwijugiasteadi. He did not mention […]

Retail Asia16/01/2017
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2min0
Life insurer Sun Life Indonesia aims to have more qualified agents to market their products rather than just make the numbers, the company top executive has said. The firm gathered on Friday 1,000 of its most high-achieving agents for the annual “Year Start” event in Jakarta to brief them of the insurer’s vision this year […]

Retail Asia16/01/2017
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2min0
The Indonesian business partner of President-elect Donald Trump will be attending next week’s inauguration and also plans business meetings with Trump family members, his spokesman said Friday. Trump’s ties to Hary Tanoesoedibjo are among the many conflicts of interest he could face as the 45th U.S. president. The property billionaire’s presidency is shaping up to […]

Retail Asia16/01/2017
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1min0
Banten recorded a 28.43% increase in exports to US$941.27 million in November 2016 from the same period a year earlier. The increase was attributable mainly to 27.08 percent in the exports of commodities other than oil and gas, according to the regional office of the Central Bureau of Statistics (BPS). The exports in November also […]

Retail Asia11/01/2017
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3min0
Filipino fashion retail brand Rusty Lopez recently opened its newest store in Jakarta featuring comfortable sandals and casuals made from Marikina, the Philippines’ shoe capital known for producing durable and high-quality footwear. According to a recent report of the Department of Trade and Industry’s Philippine Trade and Investment Center – Jakarta, the store in Sogo […]

Retail Asia09/01/2017
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2min0
Kimia Farma Apotek, the operator of hundreds of dispensaries all over the country, will open 100 more dispensary outlets this year. The subsidiary of the state owned pharmaceutical company Kimia Farma said the new outlets would bring the total number of the companys dispensaries to 1,000 units this year. Chief Executive of Kimia Farma Apotek […]

Retail Asia07/01/2017
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4min0
Indonesia is setting up an agency that will tackle fake news after a flood of untrue stories on social media, an official said Thursday, including claims China was waging biological warfare against the country using contaminated chilli seeds. The new cyber agency will also seek to protect state institutions from hackers, said presidential spokesman Johan […]

Retail Asia07/01/2017
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2min0
Major retailer Trans Retail Indonesia will open dozens of new stores this year in a bid to attract more visits to its physical stores despite the booming online retail industry. “We will open 30 new stores under the Transmart Carrefour brand in 2017,” Transmart Carrefour corporate communications general manager Satria Hamid told on Friday. However, he declined […]

Retail Asia07/01/2017
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4min0
Indonesia’s financial services authority (OJK) has issued its first regulations relating to financial technology, or fintech, companies running peer to peer (P2P) lending services, Deal Street Asia has reported.06 Jan 2017 The regulation lays out minimum capital requirements, interest rate provision and education and consumer protection rules. Every fintech P2P lending firm must now register […]

Retail Asia22/12/2016
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2min0
The 15-year-old Australian-born specialty coffee powerhouse Toby’s Estate has expanded its roasting and retail presence to Indonesia, opening a flagship location in Jakarta on Dec. 10. Founded by Toby Smith in Sydney in 2001, the company has since expanded to New York and the Philippines, with each market receiving its own roasting division and brand under the Toby’s […]

Retail Asia21/12/2016
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1min0
Lotte Mart, a discount store chain operated by retailer Lotte Group, said Wednesday it has opened its 46th store in Indonesia in line with its global growth strategy. With floor space of 5,572 square meters, the Pramuka shop opened on the underground floor of a commercial-residential building in Jakarta with some 7,000 households. Lotte Mart’s […]

Retail Asia21/12/2016
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1min0
The Directorate General of Taxation will intensify its investigation on the suspected unpaid taxes by tech behemoth Google, claiming that the company’s tax settlement offer was too small. The government said that it would continue investigating Google as it has gathered preliminary evidence indicating that the firm has allegedly committed a criminal act. “Next year, it […]


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